In a move that’s shocked political watchdogs and crypto insiders alike, former U.S. President Donald Trump is diving deep into the crypto world—hosting a $148 million fundraising dinner for holders of the Trump-themed memecoin ($TRUMP) at his New Jersey golf club.

But this isn’t just about dinner and digital coins.

Behind the scenes, Trump and his allies are actively pushing for deregulation of the crypto industry, particularly targeting the Securities and Exchange Commission (SEC) and Department of Justice (DOJ). Lobbyists close to Trump’s campaign have reportedly advocated for rolling back major crypto enforcement actions—especially those involving Binance and other top exchanges.

Critics are calling it “the Mount Everest of corruption.” Legal experts and politicians warn that Trump’s involvement in promoting and profiting from a memecoin—while running for president—blurs ethical lines and opens doors to financial manipulation, fraud, and even foreign interference.

The backlash is building.

In response, several lawmakers are drafting the “End Crypto Corruption Act,” aimed at preventing presidential candidates and elected officials from directly profiting from or influencing crypto assets. The bill seeks to tighten transparency, prevent insider trading in crypto, and ensure public accountability in digital finance.

Despite the criticism, Trump’s strategy is working—at least financially. His campaign and affiliated Super PACs have reportedly raised millions through this crypto push, energizing a younger, tech-savvy base.

Meanwhile, the $TRUMP memecoin has seen massive price swings, with traders split between seeing it as a joke, a pump-and-dump, or the next big political token.

🔥 Trump’s $148M crypto dinner just shook the market—and Congress is calling it “the Mount Everest of corruption.” From memecoins to deregulation, this could change crypto forever. Should presidential candidates promote coins?

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